Worldwide, the state has recently reassumed a greater role in the economy, including firm sustainers of the neoliberal philosophy. ++ The adoption of Keynesian measures has been seen as an unavoidable step to counteract the undesirable consequences of excessive deregulation of financial markets. ++ These measures are, however, provisional and will disappear as soon as the crisis is tamed. ++
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Deregulated markets are to blame for the financial crisis; likewise, only governments can salvage the wreck. ++ We will not see another great depression, but rather a recession. ++ Neo-liberal economics will go the way of the dinosaur in favor of a return to the practicality of the Keynesian brand. ++ This pragmatism was present until a new generation rose in the 1980’s, apparently unaware
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